Pendragon PLC ("Pendragon" or the "Company")
Following transactions occurring on 15 March 2007, Pendragon was notified on 16 March 2007 of the following
increases of its executive directors' respective beneficial holdings of Pendragon ordinary shares:-
Director Previous % of Share Current % of Share Increase in
Holding Capital Holding Capital holding
T G Finn 14,711,905 2.243 14,812,636 2.258 100,731
M S Casha 4,466,010 0.681 4,521,972 0.689 55,962
D R Forsyth 1,582,400 0.241 1,585,439 0.242 3,039 (net)
H C Sykes 1,637,500 0.249 1,642,807 0.250 5,307 (net)
The transactions giving rise to these changes, together with details of conditional awards to the
executive directors under the Pendragon Long Term Incentive Plan 2006 (2007 Award) ("LTIP"), are
set out below.
The announcement is intended to satisfy obligations both under section 324 as extended by section 328
of the Companies Act 1985 and the Disclosure and Transparency Rules 3.1.4R(1).
Acquisitions and disposals of ordinary shares
The directors have notified the Company that they have all invested their total net annual bonuses for
2006 in Pendragon ordinary shares, and the number of shares each director has acquired is as follows:
Director Number of Percentage of Price per Date of
Shares acquired issued capital share transaction
T G Finn 100,731 0.0153% #1.107 15 March 2007
M S Casha 55,962 0.0085% #1.107 15 March 2007
D R Forsyth 39,173 0.006% #1.107 15 March 2007
H C Sykes 27,981 0.0043% #1.107 15 March 2007
The following directors have also notified the Company that following these purchases, they have sold
the following ordinary shares:-
Director Number of Percentage of Price per Date of
Shares sold issued capital share transaction
D R Forsyth 36,134 0.0055% #1.107 15 March 2007
H C Sykes 22,674 0.0035% #1.107 15 March 2007
Conditional awards for 2007 under the Pendragon Long Term Incentive Plan 2006 (the "LTIP")
The 2007 matching award and performance award under the LTIP was granted on 15 March 2007 to the
executive directors listed below:
Director Number of matching awards Number of performance awards
T G Finn 178,970 419,580
M S Casha 99,427 233,100
D R Forsyth 69,599 163,170
H C Sykes 49,713 116,550
Matching awards are an award over a fixed number of ordinary shares that matches (based on the gross
amount a director would have invested were it not for the deduction of tax and employee national insurance
contributions) the number of ordinary shares that the directors have chosen to purchase using annual
bonuses for 2006.
The vesting of the matching awards and performance awards under the LTIP is subject to the satisfaction
of performance conditions based on growth in earnings per share and total shareholder return over a three
year period, details of which were set out in a circular to shareholders dated 27 March 2006.
Following the grant of these awards, the total number of options over ordinary shares in the Company
held by each of the directors is as follows:
Director Number of options
T G Finn 800,910
M S Casha 359,882
D R Forsyth 260,124
H C Sykes 364,448
HILARY C. SYKES 16 March 2007